CHFA eNews: Home Finance
chfa enews - home finance 
 
April 1, 2019

reminder: reduction in dpa amounts

Effective immediately: the following CHFA down payment (DPA) options are now available for new loans locked on or after April 1, 2019:

CHFA DPA Grant Option
  • May not exceed 3 percent (previously 4 percent) of the CHFA First Mortgage Loan amount
CHFA Second Mortgage Loan Option
  • May not exceed 4 percent (previously 5 percent) of the CHFA First Mortgage Loan amount
Loans locked prior to April 1, 2019, will not be affected. However, please note that exceptions will not be made. For example, if a lender cancels a lock made prior to April 1, 2019 and then requests a relock on a new property on or after April 1, 2019, the lock is subject to new DPA levels.

Please contact us should you have questions.

CHFA Home Finance
CustomerService@chfainfo.com
303.297.7376 or 888.320.3688 Denver
970.241.2341 or 800.877.8450 Western Slope
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